Tajiri Resources closes $130K 1st tranche of private placement

News Release

Closes First Tranche of Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA – (October 24th, 2017) – Tajiri Resources Corp. (the “Company”) (TSX VENTURE: TAJ) reports that subject to final TSX Venture Exchange approval the Company will close the first tranche of a non-brokered private placement originally announced October 12th, 2017. The closing will see the Company issue 1,300,000 units for proceeds of CDN$130,000. The units were priced at $0.10 and include one common share and one half of a common share purchase warrant exercisable at $0.20 for 24 months from the closing date. The Company paid fees on this portion of the offering in the amount of CDN$10,400 and will issue 104,000 broker warrants with the same terms as above equal to 8% of the units placed.

Proceeds from the offering will fund ongoing acquisitions and related costs in Guyana, South America, where the Company is already a dominant gold exploration land holder; owning, or with an option to own 100% of: the Kaburi, Winters Mine, Frenchman’s Creek Mine, and Kanainamapau properties.

The collective holdings total over 3002KM of highly-prospective mining licenses that have been the source of significant alluvial gold production. The Kaburi Gold Property is the Company’s most advanced asset, and is contiguous to Troy Resources Ltd.’s Karouni Gold Mine — a 75,000 ounce per year producer, discovered by current Tajiri Chairman Mr. Dominic O’Sullivan.

For more information on the Kaburi and other properties please visit the Company’s website at www.tajiriresources.com.

On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil,
President, CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

Contact Information:
Tajiri Resources Corp. Graham Keevil President, CEO 604-642-0115 or Toll Free 866-345-0115 604-642-0116 (FAX) info@tajiricorp.com